TPG Fairfax bid ‘cherry picking,’ says UBS
Valuation of ‘CrapCo' containing Fairfax NZ questioned.
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Hawke’s Bay
Analysts at broking firm UBS say a private equity bid for Fairfax Media assets is cherry picking, opportunistic and unlikely to succeed.
On Monday Fairfax disclosed an offer for its Domain real estate business and three core print titles from a consortium including US private equity firm TPG
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Tim Hunter
Wed, 10 May 2017
Wed, 10 May 2017
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TPG Fairfax bid ‘cherry picking,’ says UBS
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